2015 Margin_Peak and Margin_Off-Peak Review - Assumptions
In this section
This is an archived page
Back to previous page
2015 Margin_Peak and Margin_Off-Peak Review – Assumptions
Title: 2015 Margin_Peak and Margin_Off-Peak Review – Assumptions
Date First Published on the IMO Website: 18 September 2015
Closing Date: 5:00pm Friday 2 October 2015
Current Status: The consultation period is now closed.
Background: The Wholesale Electricity Market (WEM) Rules (Market Rules) use Margin_Peak and Margin_Off-Peak values (Margin Values) in its settlement calculations to determine the amount the IMO is required to pay Synergy for Spinning Reserve Ancillary Services provided to the WEM.
The Market Rules require the Economic Regulation Authority (ERA) to determine values for Margin_Peak and Margin_Off-Peak for each financial year in accordance with the methodology set out in clause 3.13.3A(a). Under clause 3.13.3A(a) the IMO must submit a proposal for these values to the ERA by 30 November each year for the following financial year.
The IMO has engaged Jacobs to perform a review of the margin values for the 2016/17 financial year. Jacobs has prepared a draft 'Assumptions Report' outlining the methodology and input assumptions proposed for this review. A modified version of this report, which excludes confidential Market Generator details, has been published for public consultation.
Documents relating to this consultation